Airport News
The Fraport Group has reported a revenue increase of 4.9% to €2.56bn ($3.5bn) for the 2013 financial year.
The airport operator says retail and real estate business rose 3.6% to €469m ($650.8m) with retail revenues rising 10.4% to €198.5m ($275.4m).
Net retail revenue per passenger increased from €3.32 ($4.61) to €3.60 ($5), while EBITDA rose 4.6% to €351m ($487.1m).
Despite what it says was "difficult business environment" – the group says it successfully met its targets, aided by higher than expected passenger growth of 0.9% to in excess of 58 million at Frankfurt airport.
The group result dropped by around €16m ($22m) year-on-year to around €236m ($327m).
Fraport is expecting revenue to rise to around €2.45bn ($3.4bn) in 2014 from about €2.38bn ($3.3bn) last year and is anticipating EBITDA to increase from €780m ($1bn) to €800m ($1.1bn).
Fraport CEO, Stefan Schulte, says: "The air transport industry in Europe continues to operate in a highly competitive environment and we expect 2014 to be another challenging year for Fraport.
“Nevertheless, we are positive about the outlook of our company in the current business year. We expect passenger figures to rise by two to three percent at the Frankfurt airprot home base and the dynamic trend to continue at our group's other airports."
